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PSX recoups with 307pts to cross 48,000 mark

byMatiur Rehman
11/04/2017
in Markets, Stock Exchange
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KARACHI: The Pakistan Stock Exchange Tuesday recouped with 307.12 points to take the tally to 48250.07 points level at closing.

The stocks recorded the highest trading level of 48257.03 points and lowest level of 47870.17 points, with the volume of over 146.96 million shares and value of Rs7.61 billion. As many as 377 companies were active; of which 220 advanced, 137 declined and 20 remained unchanged.

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Azgard Nine was the volume leader with 14.88 million shares, shedding Rs 0.21 to finish at Rs 12.84. It was followed by Dewan Cement with 14.132 million shares, adding Rs 0.98 to end at Rs 22.87 and TRG Pak Ltd with 12.78 million shares, gaining Rs 2.47 to close at Rs 52.03.

The top three gainers were Colgate Palmolive with price per share of 2075 (75), Bata (Pak) with price per share of 4199 (62.70) and Sapphire Fiber share of 1185.97 (56.47).

The top three losers were Philip Morris Pak with price per share of 2483.01 (-129.99), Pak Tobacco with price per share of 1400.34 (-49.66) and Shield Corp per share of 620.64 (-25.86).

On Tuesday, the stocks started day on negative note and further shed 62.61 points to reach 47880.34 points level in early trading. The PSX bounced back till midday and gained 99 points to take the tally to 48042 points level.

On Monday, the volatility prevailed in PSX on first trading day as the index traded between an intraday high of 206 points and intraday low of 157 points to finally close at 47,943 level. Volume declined 14 percent d/d to 131 million shares, while traded value increased 5 percent to Rs7.6 billion/$73 million. ANL (rose 3.0pc) was today’s volume leader with 16 million shares traded.

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